We could see that this pair is on consolidation as of now, I am expecting this pair to test the resistance level above, but we could see a potential breakout to the upside too.
However, we have a good opportunity once the market reached the level of resistance above, as we have created a downtrend after breaking the previous trend line. If the market does give us a good entry reason, I see this as a great opportunity to sell this pair.
We could see the market bounce from the resistance level above to the support level below, in fact, I think that there is a high chance that we could see a breakout to the downside.
Reminder to you guys not to take this trade blindly. Always rely on your own analysis.
Leave your thoughts about this pair down in the comments!